Record Containership Orders Spark Fears of Decade-Long Supply Overhang
The containership orderbook has reached a record high of 10.4 million TEU, which represents a 31.7% orderbook-to-fleet ratio, the highest since 2010. This surge in orders over the past 12 months is expected to...
Global Container Trade Resilient with Strong Intercontinental and Intra-regional Growth
Despite challenging trade conditions, global container volumes experienced steady growth in the first half of 2025. According to provisional data from Container Trades Statistics (CTS), worldwide full TEU volumes increased by 4.5% from January...
Drewry’s Equity Indices Reflect Mixed Fortunes Across Maritime Sectors
For the week ending August 15, 2025, the performance of Drewry's equity indices for the maritime industry was mixed. The port and LNG sectors saw minor gains, while the container, dry bulk, and tanker...
HD Hyundai Subsidiary Buys Vietnamese Firm to Bolster Green Ship Manufacturing
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), a subsidiary of the Korean conglomerate HD Hyundai, has acquired Doosan Vina, a Vietnamese company owned by Doosan Enerbility, for 290 billion won ($207 million). The...
Seaspan’s Fleet Expansion Continues with New 9,000 TEU Vessels from China
Seaspan Corporation, a leading container ship lessor, has confirmed a new order for twelve 9,000 TEU container ships from China's Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation (CSSC). Valued at over $1.2...
Port of New Orleans Sees 2% Container Volume Increase, Driven by Import Growth
The Port of New Orleans (Port NOLA) has announced continued growth in cargo volumes and trade activity for the first half of 2025. This growth is driven by a rise in container imports and...
Deep-Sea ConRo Ships: Only Grimaldi Sticks with the Concept
Since 2023, only six new deep-sea Container-RoRo (ConRo) vessels have been delivered globally, and all of them were built for the Italian Grimaldi Group. This makes Grimaldi the sole major company to continue investing...
Investigation Underway After Towboat Strikes Guillermo Gaviria Bridge in Colombia
A towboat crashed into the Guillermo Gaviria Bridge in Barrancabermeja, Colombia, on Sunday morning. The vessel struck one of the bridge's piers while navigating the Magdalena River at approximately 6:15 a.m. The river's waters...
Capesize Supply Abundant, Panamax and Supramax Hold Steady
The global dry bulk shipping market is currently experiencing mixed trends across different vessel classes. While some segments are showing strength due to specific trade routes and cargo demand, others are facing pressure from...
VLCC Market Remains Resilient as Suezmax and Aframax See Shifting Dynamics
The crude oil tanker market has shown varied performance across different vessel classes, with VLCC rates remaining resilient, while Suezmax and Aframax segments are experiencing their own distinct dynamics. Overall, increased oil output and...